The Gold Economy

Gold finished the month a little better than at the end of October, managing to post a modest gain of just under 1.5% on the month

The month started with strong gains made as the the surprise announcement of a referendum – on the Eurozone bailout plans – by Greek prime Minister Papandreou spooked equity markets. German and French leaders were furious at the decision, which seemed to throw the whole future of the EFSF and the Eurozone into doubt.

Chinese economic data… Continue reading

Gold Breaks Losing Streak Amongst Centralised Action And Confusion

After two weeks of falls, gold finally finished a week in positive territory, ending at $1746.10 and around 3.6% better than last week’s closing level. The move was boosted by concerted central bank action that may have bought time for Europe to sort out its problems, though Germany’s Merkal now believes it will take years to do so.

The central bank action saw the US Fed, Bank of Canada, The Banks of England and… Continue reading